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term assurance
English
Meaning
term assurance
meaning
What does
term assurance
mean?
term assurance
noun
—
(
insurance
)
Life
insurance
that
pays
out
a
lump
sum
benefit
on
the
death
of
the
life
assured
within
the
term
of
the
policy
,
and
nothing
on
survival
to
the
end
of
the
term
.
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